Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Apr. 19, 3:18 PM Recent mergers and acquisitions in the Credit Services & Lending M&A category.
This Slide: #51 of 100 |
Slide #51. Cardtronics — Cardpoint Limited
Acquirer:
Cardtronics (CATM)
Acquiree:
Cardpoint Limited
Details:
Global ATM services provider Cardtronics (Nasdaq:CATM) has acquired Cardpoint Limited, which trades as ATM services provider Cashzone in the United Kingdom, and as Cardpoint in Germany. In conjunction with this deal, Cardtronics introduces a new corporate identity for its European operations, Cardtronics Europe, which will combine Cashzone, Cardpoint and Bank Machine, Cardtronics' existing U.K. subsidiary. From a consumer point-of-view, the Bank Machine and Cashzone brands remain intact in the United Kingdom, as well as the Cardpoint brand in Germany.
Cardtronics provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks (collectively referred to as ATMs). Co. provides managed service ATM solutions for retailers and financial institutions with various service offerings related to ATMs, including electronic funds transfer transaction processing services, along with other ATM-related services. Co. also owns and operates the Allpoint network (Allpoint). Allpoint provides services to organizations that manage debit card programs on behalf of corporate entities and governmental agencies, including general-purpose, payroll, and electronic benefits transfer cards.
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Hold (1.60 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CATM Stock Forecast Based on Zacks ABR data; powered by Xignite |